Post Utme Eksu 2020 Economics Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Eksu Economics examination.

Post Utme Eksu 2020 Economics Objective / Multiple Choice
Question 22 POST_UTME_EKSU • 2020 • ECONOMICS • objective

A consumer's indifference curve is given by the equation u(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 100, y = 50
B. x = 50, y = 100
C. x = 200, y = 0
D. x = 0, y = 200
Correct Answer
A
Correct Option:
x = 100, y = 50

About This Question

This is Post Utme Eksu 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Eksu Economics examination.

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